Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-06-03
Tho Houston md Texas Central.

NEW ORh, MAY Zi.-lL Is SldLtu LudI
holders of & large amount OF Houston and
Texas Central general mortgage bonds
have refuseS4to Sccept the proposal of C..
z. Huntingdon to cut down the interest
on the bonds ana sS4ill proceed st once
Wish the fQFecIosdre proceedings. Mem
zberss OF the general mortgage bond COM
u1ittee claim that all the opposition is that
of Mrs. Hettie Green, who holds about
81 200, 900 Of bonds of the company and
claims that majority of all classes of
bondholders have already agreed 10 the
proposition. Mrs. Hettie Green, the
richest woman in America, whose great
wealth and financial ability he's made her
g power IN Wall street has caused
d new sensation by refusing to be-
come party TO the agreement entered
into between the bondhOlders of the
Houston and Texas Central Railway.
Mrs. Green, by her action has actually
pitted her wealth and cunning against
the wealth and cunning of G. 2, Hunting
ton and mis- associates. Mrs. Green evil
IDENTITY means business, and will probably
bring suit TO maintsin what she considers
her rights in the reorganization of the
Houston and Texas Central Railway. G.
p. Huntington and his associates own
stock of the Houston and Texas Central
Railway, which they picked up at very
low price. There are said to be near 100
bonds Of the road widely held, Mrs.
Green owning about $1,000 900 of the
general mortgage bonds, besides q large
amount of first and second mortgage
bonds. l. delaUlted Ia interest two or
three years ago and sometime after, re-
fusiug TO pay. The OOndhOlders
held an Indignation meeting with
A. T. Higgins, ana something was
said about MIR. Huntington which WIS
not very pleasant. Il Tas intimated that
Huntington engaged in scheme to wreck
the property in order 70. get it more
securely IN his grasp. Finally the bond+
holders appointed committee, which,
arrived st an understanding with Hunt-
ingtOu, and plan Of reorganization was
drawn up. The bOndholders' committee
al slong counted on the support Of Mrs.
Green, Rnd with that object in view Mr..
QulnaI was put on the committee, and
repeated conferences have been held with
TIE lady Mrs. Green attends to all her
business personally though her husband,
who was once PRECEDENT of the Louisville
and Nashville, 4is living and is 8
shreWd business man. 1t is
stated positively that Mrs. Green
promised to place her bonds with
the committee in assent to the re-or-
ganiZstion plan as soon as the holders of
SI2O, 600 of them had done so. All was
serene and peaceful until Monday when
the committee discovered that Mrs. Green
had changed her mind. Members of the
committee, however, use stronger term
than "Changed her mind" They say she
deliberately broke her promise, and while
disinclined 10 make public attack upon
a woman did not disguise their disgust.
Her action was declared indefensible, but
in accordance with Mrs. Green's action
two years ago in Withdrawing her
100000 deposit with John J. Cisco,
which many believe was the imme-
date cause of the failure of that old
established house when it was recalled.
Mrs. Green is daughter of g New Bed
ford whaler, who left her a comfortable
fortune fourteen years ago, which she
has increased by her own exertions until
she is now believed 20 be the richest
woman in America. Her last great feat
in the financial world was when she sud-
denly sold sll her interest in the Georgia
Central Road during the hot fight for
control 81 the company. She had for
yeGrs supported the administration party
butt discarded them and sold all her
holdAgs and Lett her old friends TO their
desss So &